Watch Watch
Your home of Commercial Ready videos
Watch Watch
Back
Sold Check

700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

+13 Photos
/
Images
Close

700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

Mulgrave

×
Sold Check
+15 Photos

700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

Mulgrave

SOLD
700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

Properties / Sold / Victoria / Mulgrave
Tenanted Investment
Selling Method
EOI
Selling Details
Closing Wednesday 13 November 2024 at 2pm (AEDT).
Land Area
9,129 m² (*approx)
Floor Area
9129 m² (*approx)
Property Type
Offices, Other
Sub-type
Office Suites, Boarding Houses, Car Park
Est. Income
$2,570,640 p/a
Nabers Rating
4.0 Stars
Show All
SOLD by JLL
  • 89% Leased to Govt & National Tenants
  • Fully Refurbished & 344 Carparks
  • Monash Innovation Cluster Precinct

JLL Office Investments have the exclusive privilege of offering for sale 700 Springvale Road, Mulgrave – one of Monash’s finest office investments positioned within one of Australia’s fastest growing precincts, the Monash Employment and Innovation Cluster.

 

Key details of the opportunity include:

 

The Fundamentals

+ One of Monash’s finest commercial buildings

+ 89%* leased with a strong history of high occupancy

+ Leased to Government and National corporate tenants

+ Fully refurbished with low capital expenditure requirements

+ Estimated fully leased net income $2,570,643p.a.

+ Excellent car parking provisions – 344* secure basement and at grade carparks (1:17sqm)

+ Super high-profile landholding with future expansion potential

+ 4 Star NABERS Energy Rating

 

A Gateway Monash Location

+ A significant site positioned within the Monash Employment and Innovation Cluster – one of the largest concentration of skilled workers outside of the Melbourne CBD

+ Situated within immediate proximity to the recently completed $557m Victorian Heart Hospital, Monash University, M-City Shopping Centre and more

+ Mulgrave is the strategic headquarters for numerous national companies, including BMW, Nissan, Mercedes Benz and many more

+ Ideally poised to benefit from the $3.6bn Suburban Rail Loop (SRL) project that will deliver new train stations in Monash, Clayton and Glen Waverley

 

*Approx.

 

700 Springvale Road, Mulgrave is For Sale by International Expressions of closing Wednesday 13 November 2024 at 2pm (AEDT).

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46

MingXuan Li 李名轩 | 0498 688 998

89% Leased to Govt & National Tenants

Fully Refurbished & 344 Carparks

Monash Innovation Cluster Precinct

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

700 Springvale Road Investment Summary

Property Type
Offices, Other
Sub-type
Office Suites, Boarding Houses, Car Park
Est. Income
$2,570,640 p/a
Land Area
9,129 m² (*approx)
Floor Area
9129 m² (*approx)
Selling Method
EOI
EOI Closing Date
13 Nov 2024 02:00PM
Selling Details
Closing Wednesday 13 November 2024 at 2pm (AEDT).
Nabers Rating
4.0 Stars

Investment Highlights

SOLD by JLL
  • 89% Leased to Govt & National Tenants
  • Fully Refurbished & 344 Carparks
  • Monash Innovation Cluster Precinct

JLL Office Investments have the exclusive privilege of offering for sale 700 Springvale Road, Mulgrave – one of Monash’s finest office investments positioned within one of Australia’s fastest growing precincts, the Monash Employment and Innovation Cluster.

 

Key details of the opportunity include:

 

The Fundamentals

+ One of Monash’s finest commercial buildings

+ 89%* leased with a strong history of high occupancy

+ Leased to Government and National corporate tenants

+ Fully refurbished with low capital expenditure requirements

+ Estimated fully leased net income $2,570,643p.a.

+ Excellent car parking provisions – 344* secure basement and at grade carparks (1:17sqm)

+ Super high-profile landholding with future expansion potential

+ 4 Star NABERS Energy Rating

 

A Gateway Monash Location

+ A significant site positioned within the Monash Employment and Innovation Cluster – one of the largest concentration of skilled workers outside of the Melbourne CBD

+ Situated within immediate proximity to the recently completed $557m Victorian Heart Hospital, Monash University, M-City Shopping Centre and more

+ Mulgrave is the strategic headquarters for numerous national companies, including BMW, Nissan, Mercedes Benz and many more

+ Ideally poised to benefit from the $3.6bn Suburban Rail Loop (SRL) project that will deliver new train stations in Monash, Clayton and Glen Waverley

 

*Approx.

 

700 Springvale Road, Mulgrave is For Sale by International Expressions of closing Wednesday 13 November 2024 at 2pm (AEDT).

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46

MingXuan Li 李名轩 | 0498 688 998

89% Leased to Govt & National Tenants

Fully Refurbished & 344 Carparks

Monash Innovation Cluster Precinct

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

Finance Calculator

700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
$xxx,xxx
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 700 Springvale Rd, 700 Springvale Road, Mulgrave, VIC, 3170

Property Map
calculator-icon Yield Calculator
calcultor-icon Yield Calculator